Technical Analysis of #XRP Coin

🔹 Current Price:

The current price of XRP today is $3.20, with a decline of 2.44% over the past 24 hours.

🔹 Overview:

XRP has seen a notable increase of 480% over the past year, driven by Ripple's victory in the legal case against the U.S. Securities and Exchange Commission (SEC) and a settlement of $125 million, which removed regulatory uncertainty and led to increased institutional confidence in the coin.

🔹 Key Technical Levels:

• Support: $3.00 – an important psychological and technical level.

• Resistance: $3.35 – a key resistance level.

🔹 Technical Indicators:

• Relative Strength Index (RSI): currently around 55, indicating a balance between buyers and sellers.

• Moving Averages: approaching a positive crossover, enhancing the likelihood of a continued upward trend.

• Trading Volume: saw a 200% increase in futures, indicating growing interest from investors.

🔹 Future Predictions:

If the resistance level at $3.35 is breached, XRP may target levels of $3.50 – $4.00 in the medium term. However, any potential corrections should be monitored in case the price declines below the support level at $3.00.